Bill Myers
Bill Myers is Regulatory Compliance Watch’s editor. He focuses on private equity and hedge funds, based in our Rockville office. He’s been a newsman for two decades in Chicago, Cambodia and Washington DC.
Proposal uses present tense, not future tense, and the industry is worried.
If brought into law, the proposals would include ban a raft of fees, expenses and business practices in all private funds.
The commission's Asset Management Advisory Committee has issued a series of recommendations that would help open up the market even wider to retail investors.
President Trump's Department of Labor has instituted new rules that many see as a blow to the growing environmental, social and governance investment models.
The ground being laid in the US to welcome retail investors into alternatives is rocky. Where mid-market managers fit is an open question.
A divided SEC has widened the definition of accredited investors, another tentative step to bring more retail investors into the private funds market.
The pandemic has brought both active relief from regulators and greater unknowns and risks for private funds’ compliance teams.